If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS. Typically, you get a federal refund when you’ve overpaid yearly taxes or ...
Tag: Wealth
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks and bonds and other assets worth trillions of dollars in 2022. “The $22 tr...
Warren Buffett Gains Ground as Elon Musk Stumbles
Warren Buffett’s net worth has risen by over a billion dollars so far in 2022, a performance that far outpaces many tech giant CEOs such as Elon Musk and Jeff Bezos. Buffett’s net worth ha...
How the BlockFi bankruptcy, FTX collapse may affect your crypto taxes
It is thought the new U.K. government’s mini-budget may have made buying a house even more difficult. Photo by LanaStock via Getty Images Crypto firm BlockFi on Monday filed for Chapter 11 bankr...
The wealth gap between single and married Americans has more than doubled in the last decade — how do you get ahead when you’re at a ‘notable disadvantage’?
If you thought the endless swiping and scrolling on dating apps were the worst parts about being single in 2022, then hold on, because there’s an even colder reality awaiting you. While one is the lon...
Economies boom with Russian wealth, migration
Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization drive on September 21. Daro Sulakauri | Getty Images News | Getty Images As many econo...
US to boost spend, Europe hold back amid cost-of-living crisis
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images Black Friday may offer an opportunity to bag a bargain ahead ...
Dubai is cashing on on the 2022 Qatar World Cup
A yacht that can be rented to watch the World Cup while sailing around Dubai is docked in Dubai harbor on November 1, 2022, ahead of the Qatar 2022 FIFA World Cup football tournament. Photo by Giusepp...
How to Maximize Your Wealth Over the Next Decade
Investors accustomed to blockbuster returns faced a reckoning this year, as the great bull market ended with high inflation, soaring interest rates, and fears of a recession. The uncertainty persists,...
NYC robotic parking systems cost luxury residents $300,000 per space
Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parkin...
Here’s how to score a charitable tax break on ‘Giving Tuesday’
Ariel Skelley | Getty Images You must ‘itemize’ to claim the charitable deduction When filing your return, you reduce your taxable income by subtracting the greater of either the standard ...
Tickets on the Orient Express are sold by two companies
The “Orient Express” has been called the “king of trains” and the “train of kings.” Royalty, writers, actors and spies have ridden the original route between Paris ...
How to afford a mortgage as interest rates and home prices rise
It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “ty...
How to reduce your cryptocurrency tax bill before year-end
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. But the falling crypto market and the recent collapse of digital currenc...
Grow your wealth with Stacks, Casper, and Orbeon Protocol
Stacks (STX) offers strong fundamentals, while Casper (CSPR) is a cryptocurrency platform that uses proof-of-stake (PoS) consensus. The Casper platform is designed to help with the adoption of blockch...
Gen X’s average net worth and the obstacles they face in building wealth
Each generation faces its own unique set of obstacles when it comes to building wealth and growing their net worth—Generation X is no different. Dubbed the “lost generation,” this group of the p...
Microsoft co-founder Paul Allen’s art collection sells for $1.6 billion
Art handlers hold a painting titled “La montagne Sainte-Victoire” by Paul Cezanne (estimate on request: in excess of $120,000,000) during a photo call to present the highlights from the es...
SBF’s Wealth Suffers an Estimated 94% Drop After FTX Fiasco: Bloomberg
The past few days saw extreme turbulence related to FTX, Alameda, and Binance. In the wake of it, ending with Binance’s statement of intent to take over FTX’s business, the CEO of both companies has b...
China Wealth Creation: New Realities In 2022
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Getty This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. ss China as a marke...
Asia’s Former Richest Woman Sees Wealth Demolished By China’s Property Woes
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Country Garden’s Fengming Haishang residential development in Shanghai. Qilai Shen/Bloomberg This story is part o...
Longfor’s Former Chairman Wu Yajun Becomes China’s Richest Woman, But Wealth Is Halved
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Wu Yajun Qilai Shen/Bloomberg This story is part of Forbes’ coverage of China’s Richest 2022. See the full list h...
Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Jack Ma Wang HE/Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See the full list he...
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not...